XL and La Compagnie merge

French airlines XL Airways and La Compagnie have joined forces, creating the first French long-haul low-fare group servicing both business and economy class on the New York to Paris route. The new XL Airways – La Compagnie Group consolidated revenue will be more than €400 million and the Group allows for operational cost controls. The capital of the two companies will benefit from the support of shareholders, of international and French family offices, all under DreamJet Participations, La Compagnie’s holding company. Additionally, the company will encompass more than 800 employees, including two tour operators, Héliades and Crystal. La Compagnie’s founder